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April 15, 2023
Question

Schedule E for a partial-year rental property: How to have TurboTax allocate some expenses as 100% rental

  • April 15, 2023
  • 1 reply
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I have a rental property that I started in the middle of the year. My schedule E where I have entered the expenses is splitting everything between personal and rental usage. However, I have some expenses that are 100% rental usage. How do I change this? I manually edited it with an override but now I cannot do an e-file. Is there a way to have turbo tax correctly allocate them?

    1 reply

    April 15, 2023

    If you converted the property from personal use to rental use during the year, you should not have any personal days entered.  Personal use days are only considered after the property has been converted.  Up to the date of conversion there was no rental property for you to use personally.  

     

    This means that you will need to prorate the part personal/part rental expenses on your own for the period of time it was a rental.  

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